TradeLink Capital LLC Makes New Investment in Teradyne, Inc. (NASDAQ:TER)

TradeLink Capital LLC purchased a new position in shares of Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,652 shares of the company’s stock, valued at approximately $460,000. Teradyne comprises 4.5% of TradeLink Capital LLC’s holdings, making the stock its 8th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Roberts Glore & Co. Inc. IL increased its position in Teradyne by 2.2% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 4,103 shares of the company’s stock worth $517,000 after buying an additional 90 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Teradyne by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 6,403 shares of the company’s stock worth $858,000 after buying an additional 104 shares during the last quarter. GAMMA Investing LLC increased its position in Teradyne by 3.1% during the fourth quarter. GAMMA Investing LLC now owns 3,445 shares of the company’s stock worth $434,000 after buying an additional 105 shares during the last quarter. TD Private Client Wealth LLC increased its position in Teradyne by 0.5% during the third quarter. TD Private Client Wealth LLC now owns 19,904 shares of the company’s stock worth $2,666,000 after buying an additional 108 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in Teradyne by 5.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,577 shares of the company’s stock worth $324,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.

Teradyne Price Performance

Teradyne stock opened at $108.54 on Friday. The stock’s fifty day moving average price is $121.30 and its two-hundred day moving average price is $121.81. Teradyne, Inc. has a one year low of $95.80 and a one year high of $163.21. The firm has a market cap of $17.55 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 2.83 and a beta of 1.46.

Teradyne (NASDAQ:TER) last issued its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. Sell-side analysts expect that Teradyne, Inc. will post 3.88 earnings per share for the current fiscal year.

Teradyne announced that its board has authorized a stock buyback plan on Monday, November 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 0.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Teradyne Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 14th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, February 14th. Teradyne’s dividend payout ratio is presently 14.41%.

Insider Buying and Selling at Teradyne

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $130.00, for a total value of $400,400.00. Following the sale, the chief executive officer now owns 74,660 shares of the company’s stock, valued at approximately $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sanjay Mehta sold 1,789 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $120.51, for a total value of $215,592.39. Following the completion of the sale, the chief financial officer now directly owns 33,308 shares in the company, valued at approximately $4,013,947.08. This represents a 5.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on TER. Northland Securities lowered their price target on Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $160.00 target price on shares of Teradyne in a research report on Thursday, January 30th. Susquehanna upped their target price on Teradyne from $145.00 to $165.00 and gave the company a “positive” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their target price on Teradyne from $158.00 to $145.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Finally, Vertical Research began coverage on Teradyne in a research report on Friday. They issued a “buy” rating and a $135.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Teradyne has an average rating of “Moderate Buy” and a consensus target price of $143.14.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.